4 ms·
Bank money is also just a sequence of ones and zeroes when it is stored on the computers. "Stealing" happens when the ownership of the money gets transferred t
by std_throwaway 12y ago
Bank money is also just a sequence of ones and zeroes when it is stored on the computers.
"Stealing" happens when the ownership of the money gets transferred to a third party without consent of the lawful owner.
This is what happens when bitcoins get stolen. They get transferred to somebody else and the global blockchain takes note of this. Yes you still have "your bits" but they are now worthless because nobody will accept them anymore.